Direct foreign investment in Romania dropped 43%, amounting to 2.8 billion euros in the first semester

Direct foreign investments in Romania exceeded 2.8 billion euros in the first year semester, dropping 42.9% against the first 2008 semester, when they amounted to 5.07 billion euros, according to Romanian Central Bank (BNR). The account deficit shrank by 73.3%, reaching 2.3 billion euros, entirely financed by foreign investments.

In the first 2009 half, the intra-group credit consisted in 49.7% of the 2.8 billion euros, capital participations – 40.9% and reinvested profit – 9.4%.

The Central Bank’s data show in the first six months of the current year the current account deficit went over 2.37 billion euros, 73.3% less against the same 2008 period. The main influence was the commercial deficit, which exceeded 2.96 billion euros, 67.2% less than in the first half of last year.

The long and medium term foreign debt was over 57.2 billion euros by June 30 – a total of 75.8% of the foreign debt. The trend is 11.7% up against December 31, 2008.

The short-term foreign debt recorded 18.2 billion euros in the last day of June of the current year, dropping 17.8% in comparison with the figures recorded in the last day of the preceding year.